Thursday, ObamaCare may finally be out the window — and Republican representatives are set to finally reveal it's replacement.

What does President Donald Trump think of it? Insiders say he approves…. mostly.

The Senate Republicans plan would revamp Medicaid, end penalties for people not buying insurance and erase a huge tax burden as part of their long-awaited plan to scuttle Obama's health care law, congressional aides and lobbyists say.

After weeks of closed-door meetings that angered liberals, Senate Majority Leader Mitch McConnell plans to release the proposal Thursday. The package represents McConnell's attempt to quell criticism by establishment insiders while winning the conservative support he needs in a vote he hopes to stage next week.

In a departure from the version the House approved last month, which President Donald Trump privately called "mean," the Senate plan would drop the House's waivers allowing states to let insurers boost premiums on some people with pre-existing conditions.